Meta Shareholders Say “No Thanks” to Bitcoin – Zuckerberg Must Be Laughing

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Well, well, well, it seems the good people at Meta (you know, the folks behind Facebook, or as it’s known in polite circles, “Mark Zuckerberg’s Empire”) have decided that Bitcoin, that newfangled digital currency that everyone’s been chattering about, isn’t their cup of tea. A proposal to create a Bitcoin treasury for the tech behemoth was shut down faster than you can say “blockchain”—and with an overwhelming majority at that. Oh, the drama!

In a recent filing with the U.S. Securities and Exchange Commission (SEC)—because, of course, even the tech giants have to keep things formal—Meta’s shareholders gathered together for an annual meeting that could only be described as “riveting.” 1.7 billion shares of Class A common stock and a modest 342 million shares of Class B common stock (yes, it’s a bit of a party) made their way into the voting booth via live audio webcast—nothing says “exciting” like a good old-fashioned webcast, eh?

“On May 28, 2025, Meta Platforms, Inc. (the ‘Company’) held its annual meeting of shareholders via live audio webcast… At the Annual Meeting, the Company’s shareholders voted on fourteen proposals, each of which is described in more detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 17, 2025…”

Now, ” It’s a landslide, folks. Meta’s shareholders practically ran away screaming from the idea. And, as we all know, where Zuckerberg goes, the votes follow, and he controls a hefty chunk of those shares—around 60%, to be exact. We can only assume he didn’t fancy the idea of adding Bitcoin to his already glittering portfolio.

But before you write off Meta as a Bitcoin skeptic, don’t go cancelling your subscription just yet. Despite this clear rejection, the company is still apparently eyeing stablecoins, which are probably just like Bitcoin, only with a bit more stability. Ah, the wonders of the digital age.

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2025-06-02 23:01